WEBTOON Entertainment (NASDAQ:WBTN) Releases Earnings Results, Misses Expectations By $0.06 EPS

WEBTOON Entertainment (NASDAQ:WBTN) issued its earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06), Zacks reports. The company had revenue of $352.85 million during the quarter, compared to analyst estimates of $351.00 million. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock traded up $0.32 during trading hours on Thursday, hitting $9.30. 182,341 shares of the stock were exchanged, compared to its average volume of 284,998. The business’s 50-day moving average is $12.47 and its two-hundred day moving average is $12.05. WEBTOON Entertainment has a 12 month low of $8.97 and a 12 month high of $25.66.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of WEBTOON Entertainment from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of WEBTOON Entertainment from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on WEBTOON Entertainment from $25.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.